Get FREE trial access to our award winning publications

Commodities Briefing - Categorized | Oil, Price Watch

Oil above $78 amid fresh Iran tensions

Posted on 23 November 2009

From Livemint.com: Oil prices rose above $78 a barrel on Monday as heightened tension between Iran and Western nations raised speculation of a potential supply risk, encouraging investors to push prices higher.

The gains came despite a stronger US dollar that inched up on an extended short-covering bounce as investors pared risk trades. Concerns over the US recovery pace also helped to power gold to a new record above $1,160 an ounce……………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

This post was written by:

VRS - who has written 11805 posts on Opalesque Commodities Briefing.


Contact the author


You must be logged in to post a comment.

February 2010
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728